Following a three-day roadshow in Europe, Corio successfully placed a 500 million benchmark Eurobond maturing in February 2021. The eight year bonds have a 3.25% coupon and the issue price is 99.945%.
The settlement date has been set at 28 February 2013. The bonds were issued under Corio's EMTN program and placed with a broad range of institutional investors, primarily from Europe.
The net proceeds of the issue of the bonds will be used for general corporate purposes. Bank of America Merrill Lynch, Deutsche Bank and RBS acted as joint lead managers for this issue. The bonds will be listed on NYSE Euronext in Amsterdam.
Corio has been assigned a BBB+ rating by Standard & Poor's and a Baa1 by Moody's.